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IAN  22  '914 

CIRCULAR  No.  26A 


Public  Service  Commission 


OF  MARYLAND 


Regulations  Governing  the  Appraisal, 
Distribution  and  Apportionment  of 
Fixed    Capital    of    Electrical 
Corporations  x 


ISSUED  BY  ORDER  OF  THE  COMMISSION 


Jaae    U    I9il 


i 


- 
> »    >       -    •  .   .  ...... 


BALTIMORE 
1911 


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REGULATIONS  ISSUED  BY  THE  PUBLIC  SERVICE 
COMMISSION  OF  MARYLAND  GOVERNING  THE 
APPRAISAL,  DISTRIBUTION  AND  APPORTION- 
MENT OF  FIXED  CAPITAL  OF  ELECTRICAL  COR- 
PORATIONS. 


Issued  under  order  of  the  Commission  of  June  12,  191 1. 


Every  Electrical  Corporation  shall  make  a  distribution  of  its 
Fixed  Capital,  as  of  June  30,  1911,  and  apportion  the  same 
according  to  the  following'  classification  hereby  prescribed  for 
expenditures  for  Plant,  Equipment  and  other  property  of  Elec- 
trical Corporations,  and  shall  make  report  to  the  Public  Service 
Commission  of  such  distribution  of  its  Fixed  Capital  not  later 
than  September  30,  1911. 


FIXED  CAPITAL  JUNE  30,  1011. 

Charge  to  this  account  all  the  Fixed  Capital  (that  is,  the 
total  cost  of  all  land,  plant,  equipment,  apparatus,  etc.,  other 
than  materials  and  supplies,  hand,  and  other  small  tools)  of  the 
accounting  person*  or  corporation  as  such  capital  stood  at 
the  close  of  dune  30,  1911.  Such  charges  shall  be  made  at  the 
figures  at  which  such  capital  was  carried  on  the  books  of  the 
said  person  or  corporation  on  that  date.  When  any  capital 
included  in  such  account  is  retired  from  service,  the  amount  at 
which  it  is  charged  therein  shall  be  credited  to  this  account; 
and  the  amount  originally  charged  to  capital,  less  any  salvage 
that  may  occur,  shall  be  concurrently  charged  to  the  account 
"Reserve  for  Accrued  Depreciation"  (or  equivalent  account 
carried  on  the  books  on  dune  30,  191  1)  unless  there  was  carried 
on  the  books  at  that  date  a  reserve  to  cover  ret  irements  of  capita] 

from  service,  in  which  case  the  said  concurrent  charge  shall  be 
made  to  such  retirement  account.  If  the  amount  at  which  said 
capital  in  service  on  dune  30,  1911  (and  subsequently  retired 
from  service)  was  included  in  the  said  account  is  not  disclosed 
•  in  the  books  and  records  of  the  accounting  person  or  corporation 
and  Is  not   within  the  knowledge  of  such  person  or  corporation 


274649 


or  officers  or  other  employes  thereof,  it  shall  be  estimated  and 
such  estimated  amount  shall  be  treated  as  [s  above  directed  for 
the  actual  amount,  the  fad  of  estimation  being  stated  in  the 
entry. 

The    Following   Capital   Accounts   Are    Prescribed  fob 
Transactions  Subsequent  to  June  30,  L911: 

ORGANIZATION. 

Charge  to  this  account  all  fees  paid  to  governments  for  the 
privilege  of  incorporation,  and  all  office  and  other  expenditure 
incident  to  organizing  the  corporation  or  other  enterprise  and 
putting  it  in  readiness  to  do>  business.  This  includes  cost  of 
preparing  and  distributing  prospectuses,  cost  of  soliciting  sub- 
scriptions for  stock  (but  not  for  loans  nor  for  the  purchase  of 
bonds  or  other  evidence  of  indebtedness),  cash  fees  paid  to  pro- 
moters, and  the  actual  cash  value  at  the  time  of  organization  of 
securities  paid  to  promoters  for  their  services  in  organizing 
the  enterprise,  counsel  fees,  cost  of  preparing  and  issuing  cer- 
tificates of  stock,  and  cost  of  procuring  certificates  of  necessity 
from  state  authorities,  and  other  like  costs.  Like  costs  inci- 
dent to  preparing  and  filing  certificates  of  authorization  of  in- 
crease of  capita]  stock,  and  to  the  negotiation  and  issue  of  stock 
thereunder,  shall  be  classed  as  additions.  Cost  of  preparing 
and  tiling  certificates  of  amendment  of  articles  of  incorporation 
shall  be  classed  as  a  betterment.  This  account  shall  not  include 
any  discounts  upon  stocks  or  other  securities  issued,  nor  shall  it 
include  any  costs  incident  to  negotiating  Loans  or  selling  bonds 
or  other  evidence  of  indebtedness. 

ROYALTIES,   FRAXCIIISKS  AXI)   LICENSES. 

Charge  to  this  account  the  cost  of  royalties  or  licenses  paid 
to  licensors,  and  payments  to  city,  town  or  state  (exclusive  of 
taxes)  for  franchises.  If  any  such  franchise  has  a  life  of  not 
more  than  one  year  after  the  date  when  il  is  placed  in  service, 


it  shall  not  be  charged  to  this  account,  but  to  the  appropriate 
account  in  "Operating  Expenses,"  and  in  "Prepayments"  if 
extending  beyond  the  fiscal  year. 

LAND. 

Charge  to  this  account  the  cost  of  all  laud  used  in  the  opera- 
tions of  the  corporation,  including'  rights  of  way  for  transmis- 
sion and  distribution  lines  and  for  canal  and  pipe  lines,  water 
rights,  rights  of  pondage,  flowage  and  submersion.  Such  cost 
includes  cost  of  registration  of  title,  cost  of  examination  of  title, 
conveyancer's  and  notary's  fees,  purchasing  agent's  commissions 
or  fees,  or  purchasing  agent's  salary,  taxes  accrued  to  date  of 
transfer  of  title  and  all  liens  upon  the  title  accrued  to  date  of 
transfer  of  title  and  all  liens  upon  the  title  acquired  :  also  costs 
of  obtaining  consents  and  payments  for  abutting  damages. 
This  account  should  also  include  the  cost  of  wrecking  or  remov- 
ing any  buildings  thereon,  less  the  salvage,  to  prepare  the  land 
for  the  corporation's  purposes. 

This  account  may,  if  the  accounting  corporation  desires,  bo 
further  classified  under  the  following  headings,  which  shall  1»«- 
the  titles  of  sub-accounts  set  up  hereunder: 

Land,   Steam  Generating  Plant. 

Land,  Hydraulic  Generating  Plant. 

Land,  (las  Generating  Plant. 

Land,  Transmission  Plant. 

Land,  General  Office. 

Land,   Stable. 

Land,  other  Equipment. 

NOTE.— Cost  of  buildings  and  other  Improvements  must  not  be  in- 
cluded in  this  account. 

STKUCTUKES. 

( Jharge  to  this  accounl  the  cosl  <>(  the  power  plant,  sub-station, 
and  nil  other  buildings,  also  of  ;ill  fixtures  permanently  ;itt;i<-li<'<] 


6 

thereto  ;ni<1  made  a  pari  thereof,  such  as  water  pipes  and  fix- 
tures, steam  pipes  and  fixtures  for  lighting,  warming  and  ven- 
tilating, gas  pipes  and  fixtures  for  Lighting,  electric  wiring  and 
fixtures  for  lighting,  signaling,  and  the  like,  elevators  and  the 
motive  power  for  operating  same,  and  heating  apparatus.  This 
account  also  includes  stacks  and  such  piers  and  other  founda- 
tions for  machinery  and  apparatus  as  are  designated  to  be  as 
permanent  as  the  buildings  in  which  they  are  constructed  and  to 
outlast  the  first  machinery  or  apparatus  mounted  thereon. 
Charge  also  the  cosl  of  architect's  plans  and  of  superintendence 
of  construction. 

This  account,  may,  if  the  accounting  corporation  desires,  l>e 
further  classified  under  the  following  headings,  which  shall  be 
the  titles  of  sub-accounts  set  up  hereunder:' 

Structures,   Steam  Generating  Plant. 

Structures,  Hydraulic  Generating  Plant. 

Structures,  (ias  Generating  Plant. 

Structures,   Transmission  Plant. 

Structures,  General  Office. 

Structures,  Stable. 

Structures,  other  Equipment. 


Generating  Plant,  Steam. 

BOILER  PLANT. 

Charge  to  this  accounl  the  cost  of  all  furnaces,  boilers  and 
boiler  apparatus  and  accessories  devoted  to  the  production  of 
steam  for  use  in  generating  electric  energy.  Include  also  the 
cost  of  flues  leading  to  smokestacks  and  chimneys,  and  the  steam 
pipes  for  conducting  steam  from  the  boiler  to  the  prime  mover. 

[nclude    also    lli<"   COSl    of    mechanical    stokers    and    other   like 

apparatus  for  regulating  the  supply  of  fuel,  etc.;  feed  and  hot 
water  heater-,  injectors,  feed  pumps,  blower  engines,  coal  con- 
veyer-,  water  pipe-,  steam   traps,  drains,  and  separators  and 


pipes  for  conducting  steam  from  the  boilers  to  the  engines  <>r 
the  gas  producers,  exhausl  pipes,  etc. 

» 

PEIME  MOVERS. 

Charge  to  this  account  the  cost  of  all  steam  engines,  whether 
reciprocating  or  rotary.  The  engine  includes  the  throttle  <>v 
inlet  valve  and  the  governor,  also  condensers,  air  and  circulating 
pumps  and  lubricating  systems.  Where  the  electric  rotor  is 
mounted  on  the  engine  shaft  the  shaft  is  a  part  of  the  steam 
engine  and  the  electric  rotor  a  part  of  the  electric  equipment. 

ELECTRICAL  PLANT. 

( 'liarge  to  this  account  the  cost  of  all  electric  generating 
apparatus  driven  by  engines  operated  by  steam,  water  or  gas. 
including  especially  provided  foundations  and  settings  of  such 
apparatus;  also  the  cost  of  the  accessory  equipment,  including 
conductors,  switchboards,  instruments  and  apparatus  connected 
therewith. 

This  account  may,  if  the  accounting  corporation  desires,  be 
further  classified  under  the  following  headings,  which  shall  he 
the  titles  of  sub-accounts  set  up  hereunder: 

Electrical  Plant,   Steam  Generating  Plant. 

Electrical  Plant,  Hydraulic  Generating  Plant. 

Electrical   Plant,  Gas  Generating   Plant.- 

MISCELLANEOUS  GENERATING    PLANT 

EQUIPMENT. 

Charge  to  this  account  the  cost  of  all  equipment  not  includ- 
ible in  any  of  the  foregoing  accounts,  including  belting,  pulleys, 

hanger-,  countershafts,  pinups,  cranes,  hoists,  tools  and  the  Like. 
This  account  may,  it'  the  accounting  corporation  desires,  be 
further  classified  under  the  following  headings,  which  shall  he 
the  titles  of  sub-accounts  set  up  hereunder: 


Miscellaneous  Generating  Plant,   Equipment,  Steam. 
Miscellaneous  Generating  Plant,  Equipment,  Hydraulic. 
Miscellaneous  Generating  Plant,  Equipment,  Gas. 

Generating  Plant,  Hydraulic. 

DAMS,  CANALS  AXD  PIPE  LINES. 

Charge  to  this  account  the  cost  of  all  dams,  canals,  aqueducts 
and  pipe  lines ;  also  that  of  all  wasteways  from  the  outlet  of  the 
draft  tube  to  the  point  of  final  discharge.  Include  also  the  cost 
of  all  viaducts,  bridges,  and  the  like,  over  and  accessory  to  or 
necessitated  by  such  canals,  aqueducts  and  pipe  lines. 

TURBIXES  AXD  WATER  WHEELS. 

Charge  to  this  account  the  cost  of  all  turbines,  water-wheels 
and  governors,  and  all  other  appurtenant  apparatus  attached 
thereto  from  and  inclusive  of  the  head  gates  and  governors  to 
the  wasteway.  If  foundations  and  settings  are  especially  pro- 
vided, the  cost  thereof  should  be  included  in  this  account. 
Where  the  electric  rotor  is  mounted  on  the  shaft  of  the  hy- 
draulic engine,  the  shaft  should  be  considered  a  part  of  the 
hydraulic  engine  and  the  electric  rotor  thereon  a  part  of  the 
electric  equipment. 

Generating  Plant,  .Gas. 

CAS  PRODUCERS  AM)   ACCESSORIES. 

Charge  to  ilii>  account  the  cost  of  producers  and  accessories 
devoted  to  the  production  of  gas  for  the  purpose  of  operating 
electric  generators,  including  the  cosl  of  specially  provided 
foundations  and  settings  for  such  producers  and  accessories. 
This  ;k'<-<hihi  includes  producers,  economizers,  regenerators,  va- 
porizers, 3t<  iam  injectors,  scrubbers,  exhauster  outfits,  seals,  spe- 


cially  provided   boilers  and   pumps,  fines  and   piping,   blower 

engines,  pipes  for  the  conduction  of  gas  from  such  producers  to 
holders  and  to  gas  engines,  holders  for  producer  gas,  exhaust 
pipes  from  gas  engines,  etc.  It  does  not  include  pipe  whose 
primary  purpose  is  the  warming  of  buildings;  nor  does  it  in- 
clude power  transmission  apparatus,  or  water  pipes,  steam 
pipes,  water  pumps,  or  inspirators. 

GAS  ENGIXES. 

Charge  to  this  account  the  cost  of  all  gas  engines  devoted  to 
the  production  of  electric  energy,  including  the  specially  pro- 
vided foundations  and  settings  of  such  engines.  The  engine 
includes  the  inlet  valve,  governor,  and  ignition  and  starting 
apparatus,  but  not  the  pipe  leading  from  the  gas  holder,  nor  the 
exhaust  pipe.  Where  the  electric  rotor  is  mounted  on  the  en- 
gine shaft,  the  shaft  shall  be  considered  a  part  of  the  engine 
and  the  electric  rotor  thereon  shall  be  considered  a  part  of  the 
electric  equipment. 

UNDERGROUND  CONDUITS. 

Charge  to  this  account  the  cost  of  conduits  required  for  un- 
derground wires  and  cables,  including  manholes,  ducts  and  pipe. 
sewer  connections,  sewer  traps,  and  all  material  necessary  for 
the  completion  of  the  underground  conduit  system  devoted  to 
the  protection  of  the  transmission  and  distribution  systems. 

POLES   A  XI)   FIXTURES. 
Charge  to  this  account,  the  cosl  of  towers,  structures,  poles, 

cross-arms  and   insulator  pins,   braces,  brackets  and   other  pole 

fixtures,  guvs  and  ether  supports  for  holding  same  in  position, 
and  all  labor  expended  in  connection  with  the  construction  of 

pule  lines  or  structures  !'<»r  carrying  the  transmission  and  dis- 
t  ribul  ion  systems. 


10 
Transmission. 

CONDUCTORS— OVERHEAD. 

Charge  t<>  this  account  the  cost  of  cables  and  wires  installed 
and  connected,  used  as  trunk  lines  for  the  purpose  of  conveying 

electric  current  from  the  generating  to  the  sub-station. 

CON  DU<  !T(  )RS— U  X I )ERGROUN  I ). 

i 

Charge  to  this  account  the  cost  of  cables  and  wires  installed 
and  connected,  used  as  trunk  lines  for  the  purpose  of  conveying 
electric  current  from  generating  to  the  sub-stations. 

SUB-STATION  EQUIPMENT. 

Charge  to  this  account  the  cost  of  all  equipment  of  sub- 
stations. Such  equipment  includes  not  only  electric  machinery 
and  apparatus,  but  all  furniture  and  equipment,  such  as  fur- 
nace-, boilers,  stoves,  elevators,  etc.,  permanently  assigned  to 
such  stations,  but  not  affixed  to  the  structures  thereof.  It  does 
not  include  storage  batteries,  laboratory  instruments  and  appa- 
ratus not  permanently  assigned  thereto,  nor  does  it  include  tools 
only  temporarily  assigned  to  such  stations. 

STORAGE  BATTERY  EQUIPMENT. 

Charge  to  this  account  the  cost  of  the  battery  elements  and 
all  accessory  apparatus  connected  therewith,  including  tanks, 
battery-room  flooring  if  especially  constructed,  rigging,  appa- 
ratus,  boosters,  compensators  and  the  like. 

Distribution. 

OVERHEAD  CONDUCTORS  AM)   DEVICES. 

Charge  to  this  accounl  the  cost  of  nil  mains  and  feeders  in 
place  on  pole  line. 


11 

UKDEKGK0IJT5TD  CONDUCTORS. 

Charge  to  this  accounl  the  cosl  of  all  distribution  mains  and 
feeders  as  drawn  in  and  connected  in  the  conduits. 

SERVICES. 

Charge  to  this  account  the  cost  of  all  conductors,  ducts,  main 
cut-outs,  switches,  and  the  like,  connecting  the  distribution 
mains  with  the  electric  apparatus  and  appliances  in  the  posses- 
sion of  consumers. 

METERS. 

Charge  to  this  account  the  cost  of  meters  when  purchased, 
including  all  transportation  charges. 

LIXE  TRANSFORMERS. 

('harge  to  this  account  the  cost  of  line  transformers  when 
purchased,  including  all  transportation  charges  in  connection 

therewith. 

ARC  LAMPS  AND  GLOWER   LAMPS. 

("harge  to  this  account  the  e<»st  of  all  arc  Lamps  when  pur- 
chased, and  of  all  glower  lamps  if  it  is  the  policy  of  the  com- 
pany  to  capitalize  the  cost  of  the  latter,  including  all  transporta- 
tion charges  in  connection  therewith. 

CUSTOMERS'    INSTALLATION. 

Charge  t<»  this  accounl  the  cosl  of  the  first  setting  of  meter- 
and  line  transformers;  also  the  cosl  of  connecting  arc  lamp-. 
glower  lamps  and  incandescent  lamps,  provided  it  i-  the  policy 
of  the  corporation  to  capitalize  such  costs;  otherwise  the  cosl 
should  he  charged  to  the  operating  accounl  "Setting  and  Remov- 
ing Meters  and  Transformers." 


L2 
MUNICIPAL  STREET-LIGHTING  SYSTEM. 

Charge  to  this  account  the  cost  of  lamp-posts  in  place,  outfits 
and  suspensions  especially  provided  for  the  street-lighting  sys- 
tem. Such  cost  includes  the  cost  of  restoring  ilie  surface  of 
the  street  as  required  by  the  municipal  authorities.  This  ac- 
count  should  not  include  the  cost  of  the  arc  lamp,  which  is  espe- 
cially provided  for  elsewhere.  If  the  series  alternating  or 
direct  system  is  used  for  streetrliffhting,  this  cost  should  include 
the  cost  of  the  circuits,  the  intention  being  to  include  all  things 
especially  devoted  to  the  municipal  service. 

JTEXITUKE  AND  FIXTURES. 

Charge  to  this  account  the  cost  of  all  equipment  in  offices, 
such  as  desks,  chairs,  tables,  safes,  tiling  cases,  drafting-room 
equipment,  typewriters,  mechanical  office  devices,  floor  cover- 
ings, and  the  like. 

Other  Equipment. 

SHOP  EQUIPMENT. 

Charge  to  this  account  the  cost  of  all  equipment  especially 
provided  for  shops,  including  machine  tools,  cranes,  hoists, 
-halting,  belts,  smithing  equipment  and  the  power  apparatus 
necessary  to  operate  the  sarnie. 

STOPEROOM  EQUIPMENT. 

Charge  to  this  account  the  cost  of  all  equipment  in  store- 
rooms, such  as  counters,  shelving,  carts,  barrels,  trucks  and 
«»ilier  apparatus  and  appliances  used  in  the  handling  of 
] Materials  and  supplies. 


3 


STABLE  EQUIPMENT. 

Change  to  this  account  the  cost  of  all  equipment  of  general 
stables,  including  horses,  harness,  drays,  wagons,  automobiles 
and  other  vehicles. 


MISCELLANEOUS  EQUIPMENT. 

Charge  to  this  account  the  cost  of  equipment  described  under 
the  following  headings,  which  may  be  the  titles  of  sub-accounts, 
if  desired: 

(a)  Coal  Storage  Equipment. 

The  cost  of  all  machinery  and  apparatus  used  for  storing  ami 
piling  up  coal  and  the  delivery  thereof  to  boats  or  coal  carts 
and  the  like. 

(b)  Laboratory  Equipment. 

The  cost  of  all  testing  apparatus  and  laboratory  equipment 
not  elsewhere  provided  for.  This  account  should  not  include 
such  instruments  as  are  permanently  assigned  to  generating 

stations,  sub-stations  and  the  like. 

(c)  Tools  and  Instruments. 

The  cost  of  all  tools  and  instruments  not  elsewhere  provided 

for. 


MISCELLANEOUS  CONSTKUCTION    EXPENSES. 

Charge  to  this  account  all  expenditures  during  construction. 
This  account  may,  if  ihc  accounting  corporation  desires,  be 
further  classified  under  the  following  headings,  which  shall  be 
the  titles  of  sub-accounts  set  up  hereunder: 


1 1 

i  a  \      Engineering  and  Superintendence — "Construction." 

Charge  to  this  account  all  expenditures  for  services  of  engi- 
neer-, draftsmen  and  superintend  cuts  employed  on  preliminary 
and  construction  work,  and  all  expenses  incident  to  the 
work,  when  such  disbursements  cannot  be  assigned  to  specific 
const  me!  [on. 

(b)     Law  Expenditures — "Construction." 

Charge  to  this  account  all  expenditures  incurred  in  connec- 
tion with  the  construction  of  an  electric  plant,  such  as  the  pay 
and  expense  of  all  counsel,  solicitors  and  attorneys,  their  clerks 
and  attendants,  and  expenses  of  their  offices,  printing  of  briefs, 
legal  forms,  testimony,  reports,  and  the  like;  payments  to  arbi- 
trators for  the  settlement  of  disputed  questions,  costs  of  suit 
and  payments  of  special  fees,  notarial  fees  and  witness  fees, 
and  expense  connected  with  taking  depositions;  also  all  legal 
and  court  expenses.  When  any  of  the  expenditures  above 
enumerated  can  be  charged  directly  to  the  account  for  which 
incurred,  they  should  be  so  charged,  and  not  to  this  account. 
Expenditures  in  connection  with  the  acquisition  of  the  right  of 
way  or  other  land  should  be  charged  to  Land.  Law  expendi- 
tures in  connection  with  the  organization  of  the  corporation 
should  be  charged  to  Organization. 

(V  )     Taxes — "Construction." 

Charge  to  this  account  all  taxes  and  assessments  levied  and 
paid  on  property  belonging  to  the  corporation  while  under 
construction  and  before  the  plant  is  opened  for  commercial 
operation. 

(d  )     I nh  rest — "( Construction.'* 

Charge  to  this  account  the  'interest  accrued  upon  all  moneys 
and  credit-  available  upon  demand,  acquired  for  use  in  connec- 
tion with  the  construction  and  equipment  of  the  property,  from 


15 

the  time  of  such  acquisition  until  the  construction  is  ready  for 
use.  Interest  receivable  accrued  upon  such  moneys  and  credits 
should  be  credited  to  this  account.  To  this  account  should  also 
be  credited  discounts  realized  through  prompt  paymenl  of  bills 
incurred  for  the  particular  construction  involved. 

(V)      Injuries — "Construction." 

Charge  to  this  account  all  expenditures  incident  to  injuries 
to  persons  when  caused  directly  in  connection  with  construction 
of  the  plant  or  equipment,  including  payments  to  physicians 
and  surgeons,  nursing  and  hospital  attendance,  medical  and 
surgical  supplies,  transportation  for  conveying  injured  persons 
and  attendants,  funeral  expenses  and  all  like  costs  incident 
{thereto. 

(/)      General  Construction  Expenses. 

Charge  to  this  account  the  salaries  and  expense  of  executive 
and  general  officers  of  the  plant  under  construction,  clerks  in 
general  offices  engaged  on  construction  accounts  or  work,  rein 
and  repair  of  offices  when  rented  for  construction  purposes  with 
the  office  expenses,  insurance  during  construction;  also  all  con- 
struction and  equipmjent  items  of  a  special  and  incidental 
nature  that  cannot  be  charged  to  any  other  account  in  this 
classification. 

OTHEK  TANGIBLE   ELECTEIC  CAPITAL. 

Charge  to  this  account  the  cost  of  all  tangible  electric  capital 
not  elsewhere  provided  for. 

OTHEK  IXTAXCJIIJLK   ELECTRIC  CAPITAL. 

Charge  to  this  account  the  cost  of  all  other  property  coming 
within  the  definition  of  intangible  capital  and  devoted  to 
electric  operations.     All  entries  of  charges  t<>  this  account  -hall 


16 

describe  the  acquired  property  with  sufficient  particularity 
clearly  to  identify  it,  and  shall  show  specifically  the  principal 
from  Whom  acquired  and  all  agents  representing  such  principal 
in  the  transaction;  also  the  term  of  life  of  such  property,  esti- 
mated if  not  known,  and  if  estimated,  the  facts  upon  which  the 
estimate  is  based. 

TANG  Hi  I /E  CAPITAL  IX  OTHER  DEPARTMENTS. 

( lharge  to  this  account  the  cost  of  all  property  of  the  corpora- 
tion  coming  within  the  definition  of  tangible  capital  devoted  to 
other  than  electrical  operations. 

The  following  is  the  form  to  be  followed  in  making  the 
required  report,  using  sheets  8Mixll  inches  in  size. 


SCHEDULE  OF  THE  DISTEIBUTION  OF  THE  FIXED 
CAPITAL  EXPENDITURES  OF  THE 

AS   OF  JUNE   30,   1911. 


Organization    

Royalties,   Franchises   and   Licenses 

Land 

Structures 

Boiler    Plant 

Prime    Movers 

Electrical    Plant 

Miscellaneous  Generating  Plant  Equip- 
ment     

Dams,  Canals  and  Pipe  Lines 

Turbines  and  Water  Wheels 

Gas  Producers  and  Accessories 

Gas   Engines 

Underground  Conduits 

Poles  and  Fixtures 

Conductors — Overhead,    Transmission 

Conductors — Underground,   Transmission 

Substation    Equipment 

Battery  Equipment 

Overhead  Conductors  and  Devices,  Dis- 
tribution     

Underground  Conductors,  Distribution... 

Services    

Meters    

Line    Transformers 

Arc  Lamps  and  Glower  Lamps 

Customers'    Installation 

Municipal  Street  Lighting  System 

Furniture  and  Fixtures 

Shop    Equipment 

Storeroom   Equipment 

Stable    Equipment 

Miscellaneous    Equipment 

Miscellaneous  Construction   Expenses.  . .  . 

Other  Tangible  Electric.  Capital 

Other  Intangible  Electric  Capital 

Tangible  Capital  in  Other  Departments.. 

Total  Fixed  Capital 


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